Criteo S.A. (NASDAQ:CRTO) Insider Brian Gleason Sells 2,841 Shares

Criteo S.A. (NASDAQ:CRTO) insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the transaction, the insider now directly owns 146,470 shares of the company’s stock, valued at approximately $6,019,917. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Criteo Stock Performance

Criteo stock traded down $9.07 during trading hours on Wednesday, hitting $33.59. 2,089,597 shares of the stock were exchanged, compared to its average volume of 359,643. The stock has a market capitalization of $1.90 billion, a P/E ratio of 35.04 and a beta of 0.99. Criteo S.A. has a 12 month low of $22.10 and a 12 month high of $49.93. The business’s 50-day moving average is $42.91 and its two-hundred day moving average is $40.76.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.31. The firm had revenue of $471.31 million for the quarter, compared to analysts’ expectations of $263.64 million. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. On average, equities analysts predict that Criteo S.A. will post 2.8 earnings per share for the current fiscal year.

Institutional Trading of Criteo

Several large investors have recently added to or reduced their stakes in CRTO. Congress Asset Management Co. bought a new stake in Criteo during the third quarter worth about $48,653,000. Clearbridge Investments LLC bought a new stake in shares of Criteo during the second quarter valued at approximately $11,059,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Criteo by 518.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 81,001 shares of the information services provider’s stock valued at $3,259,000 after purchasing an additional 67,913 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Criteo by 93.2% during the second quarter. Cubist Systematic Strategies LLC now owns 107,553 shares of the information services provider’s stock valued at $4,057,000 after purchasing an additional 51,870 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC grew its stake in shares of Criteo by 523.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 59,199 shares of the information services provider’s stock valued at $2,233,000 after purchasing an additional 49,699 shares during the last quarter. 94.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Susquehanna boosted their target price on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Morgan Stanley upped their price objective on shares of Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company started coverage on shares of Criteo in a research report on Monday. They set an “overweight” rating and a $70.00 price objective for the company. Finally, StockNews.com cut shares of Criteo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Criteo presently has an average rating of “Moderate Buy” and a consensus price target of $53.33.

About Criteo

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.